Sunday, February 22, 2009

C wave is over in that short term ELLIOT WAVES after 2970.
if one more consolidation Elliot is to start then it will peak nearby 2853-2877
but outlook is bearish seeing DOW

and i expect these elliot waves to convert into DOW waves and to b complete in 2-3 days instaed of 5 sessions

our expiry shud not b below 2750 and shud not b above 2850. so i m suggesting a range os 2750-2850

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